MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

GERMANY AUG GFK CONS CLIMATE -18.4 (-21.0 F'CAST; -21.6 JULY)

INDON Curve Out-Performs As Investors See Rate Hikes Ending

MNI: UK APR-JUN MEDIAN PAY AWARDS +4.9% :Brightmine

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - USDJPY Holds On To This Week's Gains

OUTLOOK
  • In FX, EURUSD remains in a bear cycle inside the channel drawn from the Feb 10 high. The focus is on 0.9645, 76.4% of the Sep 28 - Oct 4 bull cycle and further out, 0.9536, the Sep 28 low and key support. Resistance is at 0.9815, the 20-day EMA.
  • GBPUSD maintains a softer tone but has managed to find some support - for now. At this stage, the recent move lower appears to be a correction of the rally between Sep 26 - Oct 5. A continuation lower would open 1.0922 and 1.0787, 50.0% and 61.8% of the Sep 26 - Oct 5 bull cycle. Initial resistance is at 1.1204, the 20-day EMA.
  • USDJPY maintains a bullish tone and the pair is holding on to this week’s gains. Yesterday’s break of 145.90, the Sep 22 high, confirms a resumption of the primary uptrend. Attention is on 147.25 next, the 3.00 projection of the Aug 2 - 8 - 11 price swing.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.